Statistics will give you a general idea, but not as as accurate for any particular day. Mine is based on price action. I have been spot on this the last 5 trading days with reading the actions...not that it matters to anyone. Just saying. I don't care whichever way it swings today.Could be, but you didn't say why it's unlikely.
I have statistical data - which tells me there's a decent chance both are set for the day. But it's a mixed picture, hence why I said it was a cointoss either way.
ES Journal - 2019/2020
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I just cannot understand why people continue to think the media drive the market.
Same old market, simply on steroids.
Well - I think it depends on your statistics. For what I use - it can be quite accurate at times while at other times - the signals are conflicting. That's what was the case today.
Got a new HOD there - no surprise.
Would be a bit more surprised if today's not an Inside Day by the Close, but you'll never know...
It could be in inside day by the close since the range just expanded. That's why I thought if you are shorting, 3100 looks better to short.
Nah. I'm flat. Usually am when I make posts here. Took a profit early this morning and called it a day.
A good 20 points above the prior HOD already.
Need another 40 if we are to take out yesterday's HOD. Not what I was expecting for the day, but shouldn't surprise anyone at this point.
Mind me asking what kind of stops you used on those? And what stops you normally use?
I've been both burned/blessed by my tight stops since last week. Mostly burned, i.e., stopped out and market continuing in my (predicted/anticipated) direction.
Currently my standard stop is 5 points and I have used 10 points. Anything more than that is too much for my style and I'd rather pass on the trade.
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